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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities

The Global Labor Market Conference (GLMC), has experienced the signing of 31 agreements and Memoranda of Understanding (MOU) in between numerous entities, aiming to provide thousands of training opportunities and tasks for the global workforce. This agreement was signed at the 2nd edition of the GLMC 2025, released in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, along with 40 labour ministers. According to the ministers, these initiatives will focus on qualifying diverse groups, such as brand-new graduates, ladies, and people with impairments, for ideal employment through specialised training programs, consisting of advancement, academic efforts, management preparation, and knowledge-sharing collaborations
Data from the Organisation for employment Economic Cooperation and Development (OECD), around 67 million young individuals are currently out of work, and almost 20 percent of people aged 15 to 54 are either used or engaged in education, institutions, or training programmes. Read also: Boost for business owners as IBPLC produces jobs with Hero apprenticeship initiative

These statistics have also revealed that almost 40 percent of employers report problems in filling vacancies due to an inequality between labor force abilities and labour market demands, with youth joblessness going beyond 30 percent in some areas globally. Related News
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Highlighting the significance of these agreements, Alrajhi stated "These figures highlight the immediate need to establish extensive techniques to attend to these common difficulties effectively." "Transforming them into chances, ultimately we can all collaborate to ensure the success of our economies, neighborhoods, and workforces." The minister also kept in mind that the contracts concentrate on enhancing functional efficiency, employment cultivating innovation, and driving worth development in alignment with Saudi Vision 2030. Key entities included in these contracts include the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, UiPath, Bella Vista Institute of College, employment the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC's MOU will see a number of noteworthy cooperations emerged. INSEAD will provide scholastic services, while partnerships with Space Faculty and ProFun will check out development and understanding sharing. Bella Vista Institute and the Academy will deliver customized training programs concentrated on leadership advancement and capability structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish labor force qualifications and training initiatives. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship development. A substantial development is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities among trainees and the workforce, to name a few. Share
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